市場調查報告書
商品編碼
1461227
夾芯板市場評估:依材料類型、結構類型、應用、最終用戶產業和地區劃分的機會和預測(2017-2031)Sandwich Panels Market Assessment, By Material Type, By Construction Type, By Application, By End-use Industry, By Region, Opportunities, and Forecast, 2017-2031F |
全球非住宅建築活動的繁榮正在推動市場成長。 根據 GCP Global 最近的一份報告,到 2030 年底,包括非住宅建設項目在內的全球建築業預計將達到 8 兆美元。
建築活動的增加,特別是在亞太地區,正在推動夾芯板市場的收入成長。 截至2023年12月,馬來西亞檳城晶片封裝工廠正處於建設階段,預計該項目建設將於2024年底完成。
由於多種因素,包括聯邦基礎設施支出增加、私人項目大規模融資以及強勁的建築需求,非住宅建築活動正在增長。 非住宅建築活動的增加正在推動對夾芯板的需求,以確保良好的絕緣和防水性能,從而推動市場成長。
非住宅建設項目日益增長的吸引力推動了市場成長:
與其他系統相比,夾芯板可以快速製造和安裝,並提供卓越的隔熱性能。 夾芯板用於屋頂和外牆,以及需要隔熱的內部隔間。 此外,夾芯板具有能源效率,即使使用不燃絕緣材料也可以最大限度地減少煙霧污染。 因此,它被用於非住宅建築項目,如工業建築、工廠、倉庫、公共設施和清理項目。 公私合作項目的增加、政府對商業建築開發的資金激增以及公共建築改造活動的增加是刺激非住宅建築項目發展的一些關鍵因素。
最近的產品創新促進了市場成長:
由於最近的產品創新和技術進步,夾芯板市場正在經歷成長。 這些創新包括開發可回收和生物基夾芯板解決方案,以及整合 3D 列印和智慧材料等先進技術,特別是在航空航天行業。 對輕質材料的需求不斷增長,以及減少建築項目燃料消耗和排放的需求不斷增長,預計也將推動未來幾年夾芯板的需求。 領先的夾芯板製造商正在致力於新產品的開發,以增加其在全球的市場佔有率。
亞太地區在整個市場中所佔的巨大收入佔有率
由於建築業的需求不斷增加,夾芯板市場在亞太地區不斷擴大,特別是在印度、中國和東南亞等國家。 此外,住宅建設的增加也促進了預測期內的市場成長。 政府對新基礎設施項目開發的投資增加以及住房建設項目公私合作的激增正在推動亞太地區建築業的收入成長,從而推動市場成長。
本報告調查了全球夾芯板市場,提供了市場定義和概述、市場規模趨勢和預測、各個細分市場和地區的詳細分析、行業結構以及影響市場成長的因素分析、案例研究、競爭格局、主要公司的簡介等等。
Global sandwich panels market size was valued at USD 7.76 billion in 2023, which is expected to grow to USD 14.58 billion in 2031, with a CAGR of 8.2% during the forecast period between 2024 and 2031. The booming non-residential construction activities at the global level are driving the growth of the market. For instance, according to the recent report published by GCP Global, the global construction industry, including non-residential construction projects, will reach USD 8 trillion by the end of 2030.
The rise in building and construction activities, especially across the Asia-Pacific region, is fostering the revenue expansion of the sandwich panels market. For example, as of December 2023, the Penang Chip Packaging Facility in Malaysia is under the construction phase. The construction of the project will be completed by the end of the year 2024.
Non-residential construction activities are growing due to various factors, such as increased federal infrastructure spending, exorbitant financing costs for private projects, and a strong demand for construction. Hence, the rise in non-residential construction activities is fueling the demand for sandwich panels to ensure superior thermal-humidity insulation and waterproofing, which, in turn, is boosting the growth of the market. In addition, the recent government initiatives for the development of affordable housing projects, increasing demand for larger living spaces, and the development of high-rise residential buildings are the key trends accelerating the surge in the development of new residential projects. Therefore, the booming residential construction activities are fueling the demand for sandwich panels to prevent mold and humidity. This prominent aspect is proliferating the growth of the market.
The development of a new range of sandwich panels with improved performance efficiency will create a lucrative growth outlook for market growth in the long run. For instance, in April 2022, Romakowski GmbH & Co. KG, a Germany-based manufacturer of sandwich panels introduced the latest range of sandwich panels, including FV, FP, FD, or eco range to ensure superior performance efficiency & insulation. However, the limited flexibility associated with the sandwich panels is posing a roadblock to the growth of the market.
Increasing Traction from Non-residential Construction Projects is Augmenting the Market Growth
Sandwich panels are manufactured and installed quickly, and they offer better insulation compared to other systems. Sandwich panels are used on roofs and facades, and they can also be found for interior partitions that require insulation. Additionally, sandwich panels are highly energy-efficient and ensure minimized smoke contamination when non-combustible insulation is deployed. As a result, sandwich panels are utilized in non-residential construction projects, such as industrial buildings, factories, warehouses, public buildings, and purification projects. The increasing public-private partnership projects, the surging government funding for the development of commercial buildings, and the rising renovation activities related to public buildings are some of the prime aspects spurring the development of non-residential construction projects.
For instance, several upcoming semiconductor manufacturing plants under the development phase include USD 100 billion Micron 'megafab' in the United States (completion year 2024), USD 40 billion TSMC fabs in the United States (completion year 2026), and USD 10.3 billion Nanya chip facility in Taiwan (completion year 2025). Likewise, in December 2023, Panattoni announced the development of a new 360000 square feet warehouse in India. Therefore, it is evident from the above data the development of non-residential construction projects will continue to prosper, thereby accelerating the growth of the sandwich panels market.
Recent Product Innovations Related to Sandwich Panels is Supplementing the Market Growth
The sandwich panels market is experiencing growth due to recent product innovations and technological advancements. These innovations include the development of recyclable and bio-based sandwich panel solutions, as well as the integration of advanced technologies like 3D printing and smart materials, particularly in the aerospace industry. Also, the increasing demand for lightweight materials and the rising need to reduce fuel consumption and emissions in construction projects are expected to drive the demand for sandwich panels in the upcoming years. As a result, the leading manufacturers of sandwich panels are developing a new range of products to increase their market share at the global level.
For instance, in June 2023, the Gill Corporation, headquartered in the United States, introduced a new range of sandwich panels named Gillfab 4037. The Gillfab 4037 sandwich panel is composed of a Dura-Core II aluminum honeycomb core and 7581 fiberglass cloth-reinforced epoxy laminate facings. The sandwich panel is designed for non-structural interior applications in business aircraft. Henceforth, the recent innovations associated with the sandwich panels equipped with superior efficiency and durability will boost the demand for panels having applications in wall, roof, and insulated panels, thereby creating a prominent potential for market growth in the coming years.
The Significant Revenue Share of the Asia-Pacific Region in the Overall Market
The market for sandwich panels is increasing in Asia-Pacific due to the growing demand from the building and construction industry, particularly in countries such as India, China, and Southeast Asia. Additionally, the increasing construction of residential buildings is also contributing to the market growth in the forecast period. The increasing government investments in the development of new infrastructure projects and surging public-private partnerships for residential construction projects are boosting the revenue growth of the building and construction industry in the Asia-Pacific region, thereby fostering the growth of the market.
For instance, in the year 2023, multiple building and construction projects commenced in the Asia-Pacific region, including Infosys Pocharam Office Campus Expansion in India (project completion year 2027), Qinzhou Petrochemical refining and chemical integration upgrade project in China (project completion year 2025), Chashma Power Plant Unit V 1200 MW in Pakistan (project completion year 2030), and Dushanzi Petrochemical Complex in China (project completion year 2026). Furthermore, according to the recent survey conducted by the CBRE Group Inc. in July 2023, approximately 68% of the logistics players across the 120 countries in the Asia-Pacific region plan to acquire and occupy more space over the next three years. This expansion strategy for warehouses will create a prominent scope for demand growth of the sandwich panels to ensure superior insulation in such facilities. As a result, the recent ongoing development of building and construction projects across the Asia-Pacific region is spurring the growth of the sandwich panels market.
Government Initiative Act as a Catalyst
Various countries at the global level are taking initiatives to aid the growth of the sandwich panels market. For instance, drafted by European standardization bodies (CEN-Cenelec) in response to mandates from the Commission, harmonized standards outline methods and criteria for evaluating the performance of construction products concerning their essential characteristics. The Commission is responsible for verifying the alignment of these standards with the issued mandates. Upon confirmation of conformity, the Commission publishes the references of harmonized standards in the Official Journal of the EU (OJEU). For instance, standards like EN 12467:2012+A2:2018 for fiber-cement flat sheets and EN 1279-5:2018 for insulating glass units (IGU) intended for buildings are included in the OJEU, as seen in OJ L 77, 20.3.2019.
In addition, European Assessment Documents (EADs) serve as alternatives to harmonized standards and apply to construction products not addressed by these standards. When the manufacturer of a construction product lacking coverage under a harmonized standard seeks to affix the CE mark, they must request a European Technical Assessment (ETA) from a Technical Assessment Body (TAB). The ETA is subsequently issued, relying on harmonized technical specifications outlined in a European Assessment Document (EAD). Coordination and adoption of the European Assessment Document are overseen by the European Organization for Technical Assessment (EOTA). This organization, established under the Construction Products Regulation (CPR), functions as a Europe-wide association of technical assessment bodies for construction products.
Future Market Scenario (2024 - 2031F)
Sustainable building and construction materials will scatter the market in prospects.
Government initiatives for new residential projects, especially in Middle Eastern, Asia-Pacific, and Latin American regions, will boost the demand for sandwich panels, thereby spurring the market growth at the global level.
Polyurethane-based sandwich panel will capture further traction to upscale market growth in the upcoming years.
Growing demand for larger commercial spaces in Europe, along with the American region, will supplement the growth of the market in the long run.
Key Players Landscape and Outlook
ArcelorMittal, Areco., Assan Panel A.S., Building Components Solutions LLC, Kingspan Group, Tata Steel, Italpannelli Srl, DANA Group of Companies, Multicolor Steels (India) Pvt. Ltd., and Rautaruukki Corporation are the dominant players in the global sandwich panels industry. These companies are actively leveraging their technical potential and expertise for the development of a new range of products related to sandwich panels and increasing their research and development (R&D) capabilities to expand their revenue share in the global sandwich panel market. These strategies are elevating the sandwich panels market competition among the key players at the global level.
In October 2022, Ireland-based Kingspan, a leading manufacturer of sandwich panels, acquired Invespanel, a mineral wool-based sandwich panel manufacturer in Spain. The prime focus of the acquisition was to increase Kingspan's industry position in the European market.
In January 2022, ArcelorMittal, based in Luxembourg launched Maukathem T iQ, a new range of roof-insulating sandwich panels. The product is ideal for application in residential and non-residential construction projects. The prime of the launch was to increase the product availability in the global sandwich panels market.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.